Vitality knowledge and intelligence supplier TGS has secured funding for a collection of multi-client initiatives in Southeast Asia. The corporate mentioned in a media launch that work is scheduled to begin late within the fourth quarter of 2023.
Set to final for six months, this system will cowl 2D and 3D seismic knowledge acquisition. TGS mentioned it contains over 4,100 miles of legacy 2D seismic knowledge reprocessing and 115,800 sq. miles of 2D-cubed processing, tied collectively by a Facies Map Browser (FMB) product enabling fast-track exploration of a regional hotspot.
These initiatives complement TGS’ present library throughout India, Bangladesh, Indonesia, Malaysia, and Timor-Leste, encompassing 11,460 miles of 2D knowledge, 27,120 sq. miles of 3D knowledge, and 749,050 sq. miles of 2D-cubed knowledge, the corporate famous.
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“This program demonstrates our dedication to investing in power knowledge in Southeast Asia,” TGS CEO Kristian Johansen mentioned.
“The power demand is rising consistent with the area’s fast financial development, pushed by rising populations and rising incomes. This development brings with it quite a few challenges as governments and E&P firms try to provide this power affordably and sustainably,” Johansen added.
“Shoppers can stay assured that TGS is devoted to supporting them by these challenges with all their exploration, manufacturing and CCS actions,” Johansen continued.
Earlier this month, TGS introduced that it had accomplished a “key” undertaking within the North Sea and began up one other undertaking in the identical space. The initiatives are being executed utilizing the TGS Z700 OBN crew. This crew has already accomplished two initiatives throughout this North Sea season and is at present engaged on two extra to make sure one other profitable season within the North Sea, TGS mentioned in that announcement.
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